It's no joke: Univision buys a stake in the Onion

January 19, 2016 5:29 PM

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Spanish-language media company Univision Communications is taking a stake in the Onion.

The two companies said Tuesday they had struck a deal for Univision acquire a significant interest in the satirical news company, the Onion Inc. The outlet, which started in Wisconsin 28 years ago as a scrappy newspaper, maintains several websites, including the Onion.